Managing Your Personal Finances

This is a short course on how to better manage your money. It is based on the free PDF E-Book from MoneySENSE Singapore.
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  • Lectures 10
  • Length 1 hour
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 11/2012 English

Course Description

Learn about Basic Money Management through an interactive presentation of a free PDF E-Book available from the MoneySENSE website (http://www.moneysense.gov.sg) entitled My Money Book.

You will find tips that people from all walks of life have found handy. These tips can help you meet your needs today and also plan ahead for the future. Examples:

Tip: Live within your means, and do not take on too much debt. Always Make sure you can service your debt even if interest rates rise or your income falls. (Lee Hsien Loong, Prime Minister of Singapore)

Tip: Invest simply. If you don't understand an investment, don't put money into it. And remember especially that promises of high investment returns mean a high risk of losing your money. Keep it simple and hold your investments for the long term. (Tharman Shanmugaratnam, Deputy Prime Minister of Singapore)

What are the requirements?

  • Nil

What am I going to get from this course?

  • to learn more about saving and budgeting
  • to learn more about managing debt
  • to learn more about insurance planning
  • to learn more about investing wisely
  • to learn more about retirement planning

What is the target audience?

  • Working Adults
  • Students
  • Those Approaching Retirement
  • Housewives
  • General Audience

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
00:56

This lecture introduces this e-learning module on Basic Money Management.

19 pages

My Money Book has money management tips that people from all walks of life have found handy. Read the book to discover how these simple yet useful tips can help you manage your money in better ways.

This PDF book can also be downloaded from http://www.moneysense.gov.sg

00:41

This lecture provides the contents of this e-learning module. Namely:

  • Smart Saving and Budgeting
  • Managing Your Debt Wisely
  • Being Prepared for Life's "What If's"
  • Investing Wisely
  • Planning For Your Golden Years
Section 2: Basic Money Management
08:00

Smart saving and budgeting involves the following:

  • Having financial goals.
  • Knowing how inflation can affect your savings and spending.
  • Knowing how to set aside money in suitable ways that allow your savings to grow faster than the rate of inflation.
  • Starting to save early.

For more information, join the following modules:

https://www.udemy.com/making-sense-of-your-money/#/

https://www.udemy.com/assessing-your-financial-fitness/#/

https://www.udemy.com/implementing-your-financial-plan/#/

https://www.udemy.com/understanding-the-costs-of-buying-a-home/#/

https://www.udemy.com/budgeting-for-a-home-within-your-means/#/

07:08

Managing your debt wisely involves:

  • knowing when to borrow in the first place.
  • avoid unnecessary debt.
  • understanding how interest rates affect debt.

For more information, join the following modules:

https://www.udemy.com/understanding-loans/#/

https://www.udemy.com/managing-debt/#/

11:26

Being prepared for unfortunate events involve:

  • having emergency savings.
  • having adequate Life Insurance
  • having adequate Health Insurance

For more information, join the following modules:

https://www.udemy.com/basics-of-life-insurance/#/

https://www.udemy.com/basics-of-health-insurance/#/

08:08

Investing wisely involves the following:

  • having investment goals.
  • knowing your tolerance for risk.
  • diversifying your portfolio.
  • monitoring and reviewing your investments.

For more information, join the following modules:

https://www.udemy.com/basic-investing-concepts/#/

https://www.udemy.com/selecting-suitable-financial-products/#/

04:38

Planning for your retirement successfully involve:

  • planning early
  • saving early
  • avoid large home loans
  • getting insured early

For more information, join the following modules:

https://www.udemy.com/basic-steps-in-retirement-planning/#/

https://www.udemy.com/constructing-your-retirement-plan/#/

https://www.udemy.com/managing-cpf-money-for-your-retirement/#/

https://www.udemy.com/the-importance-of-estate-planning/#/

https://www.udemy.com/steps-in-estate-planning/#/

Section 3: Conclusion
Article

In this lecture, we summarise and conclusion this e-learning module on Basic Money Management.

Article

This lecture contains links to additional resources where you can learn more about money matters pertaining specially to Singaporeans.

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Instructor Biography

Institute for Financial Literacy, Unbiased Financial Education Courses

The MoneySENSE-Singapore Polytechnic Institute for Financial Literacy is a collaboration between MoneySENSE, the national financial education programme in Singapore and Singapore Polytechnic.

MoneySENSE is spearheaded by the public-sector Financial Education Steering Committee which comprises representatives from the Ministry of Health, Ministry of Social and Family Development, Ministry of Education, Ministry of Manpower, Central Provident Fund Board, Monetary Authority of Singapore, National Library Board and People’s Association.

Our financial education courses cover basic money management, financial planning and investment know-how.

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